Universal Health Services, Inc. -- Moody's upgrades Universal Health's CFR to Ba1; outlook to stable

New York, July 25, 2014 -- Moody's Investors Service upgraded the Corporate Family and Probability of Default Ratings of Universal Health Services, Inc. (UHS) to Ba1 and Ba1-PD from Ba2 and Ba2-PD, respectively. Moody's also upgraded the ratings on the company's senior secured debt to Ba1 (LGD 3) from Ba2 (LGD 3) and senior unsecured debt to Ba2 (LGD 6) from B1 (LGD 6). The rating outlook was changed to stable from positive. UHS' Speculative Grade Liquidity Rating was also upgraded to SGL-1 reflecting Moody's expectation that the company will maintain very good liquidity over the next 12 -- 18 months.

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